St. Louis Fed Financial Stress Index

GreenPath Financial Wellness Receives Grant From Wells Fargo to Expand Services to Homeowners and Renters Seeking Guidance on Payment Options

Thursday, September 23, 2021 - 3:44pm

GreenPath Financial Wellness , a national nonprofit that provides financial counseling, has received a generous grant from Wells Fargo to assist households though the 995Hope Hotline, a nationally known and trusted source of housing counseling.

Key Points: 
  • GreenPath Financial Wellness , a national nonprofit that provides financial counseling, has received a generous grant from Wells Fargo to assist households though the 995Hope Hotline, a nationally known and trusted source of housing counseling.
  • The grant expands access to renters and homeowners looking to avoid foreclosure or eviction in the face of uncertainties about extensions of COVID-related mortgage and renters relief programs.
  • Vulnerable households facing housing concerns may get confused by fluctuating mortgage and rent protection deadlines, said Kristen Holt, president and CEO, GreenPath Financial Wellness.
  • The Wells Fargo grant strengthens our ability to meet increased demand, especially among underserved communities, where these services are needed the most.

Apollo’s ‘Expanding Opportunity’ Initiative Sparks New Strategic Relationship Between MidCap Financial and Lafayette Square

Thursday, September 23, 2021 - 1:00pm

NEW YORK, Sept. 23, 2021 (GLOBE NEWSWIRE) -- MidCap Financial, a middle market credit solutions firm in alliance with Apollo Global Management, Inc. (NYSE: APO), today announced the start of a non-exclusive strategic capital relationship with Lafayette Square, an impact investment platform founded by Damien Dwin that is working locally to create an inclusive American economy. Through this new relationship, sourced through Apollo’s Expanding Opportunity initiative, MidCap Financial and Lafayette Square expect to collaborate on future opportunities that positively impact communities across the country.

Key Points: 
  • Through this new relationship, sourced through Apollos Expanding Opportunity initiative, MidCap Financial and Lafayette Square expect to collaborate on future opportunities that positively impact communities across the country.
  • Formation of this strategic relationship demonstrates the build-buy-partner approach that Apollo and Midcap Financial take to extend asset origination capabilities and source high-quality deal flow.
  • The new relationship with Lafayette Square, a diverse-led fund manager, was sourced through Apollos Expanding Opportunity program.
  • MidCap Financial Services, LLC provides sourcing, due diligence and portfolio management services to MidCap Financial.

Bank of America Study Finds 95% of Employers Feel a Sense of Responsibility for Financial Wellness of Employees

Wednesday, September 22, 2021 - 2:00pm

The report also found that over the last year, more employers are offering financial wellness programs (46%, up from 40% in 20202) and expanding several types of financial wellness support.

Key Points: 
  • The report also found that over the last year, more employers are offering financial wellness programs (46%, up from 40% in 20202) and expanding several types of financial wellness support.
  • Based on a nationwide survey of 1,363 employees and 834 employers, the Workplace Benefits Report examines trends related to workplace financial benefits and wellness programs.
  • Bank of America offers institutional client employees a range of financial benefit programs to help them pursue their financial future.
  • Bank of America is a marketing name for the Retirement Services business of Bank of America Corporation ("BofA Corp.").

Schwab 401(k) Study Finds Younger Workers Stressed About Money but Optimistic About Improving Financial Habits

Wednesday, September 22, 2021 - 2:00pm

Almost two thirds (62%) of Gen Z participants in the survey say their financial situation warrants advice from a professional.

Key Points: 
  • Almost two thirds (62%) of Gen Z participants in the survey say their financial situation warrants advice from a professional.
  • Looking ahead to a post-pandemic world, Gen Z is more optimistic than other generations about adopting positive financial behaviors.
  • Schwab Retirement Plan Services, Inc. and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
  • Workplace Financial Services is a business enterprise which offers products and services through Schwab Retirement Plan Services, Inc.; Schwab Stock Plan Services; and Compliance Solutions.

As Physicians Across the Country Struggle with Pandemic Burnout, Semi-Retired MD Teaches an Alternative: Invest in Real Estate

Tuesday, September 21, 2021 - 2:28pm

The course teaches physicians, high-income professionals, and their spouses the same step-by-step process that physician couple Letizia Alto, M.D.

Key Points: 
  • The course teaches physicians, high-income professionals, and their spouses the same step-by-step process that physician couple Letizia Alto, M.D.
  • According to a recent study by The Physicians Foundation, the impact of the COVID-19 pandemic on the health and wellbeing of physicians has been negative.
  • The physician couple began Semi-Retired MD as a blog to educate physicians about real estate investing.
  • Their flagship online course, Zero to Freedom Through Cashflowing Rentals, teaches doctors and high-income earners a step-by-step process for investing in real estate.

MetLife Introduces UpwiseTM, New Mobile App That Helps Consumers Feel Good About Their Finances

Tuesday, September 21, 2021 - 1:00pm

Today, MetLife introduces UpwiseTM, a free mobile app that helps consumers build positive financial habits and feel good about their progress.

Key Points: 
  • Today, MetLife introduces UpwiseTM, a free mobile app that helps consumers build positive financial habits and feel good about their progress.
  • For example, the app begins by assessing the consumers mood and understanding their relationship with money through the Money Mood tool.
  • From there, UpwiseTM helps consumers prioritize financial goals and suggests simple actions to develop good financial habits and feel more optimistic about what their money can do for them.
  • The app also engages consumers through personalized challenges that offer fun, rewarding ways to help them achieve small wins that lead to big outcomes.

Chico's FAS, Inc. Appoints Patrick J. Guido as Chief Financial Officer

Friday, September 17, 2021 - 2:02pm

He most recently served as Senior Vice President and Chief Financial Officer at Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S.

Key Points: 
  • He most recently served as Senior Vice President and Chief Financial Officer at Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S.
  • Prior to this position, Mr. Guido served as Executive Vice President and Chief Financial Officer of lululemon athletica inc., a multinational designer, distributor and retailer of healthy lifestyle inspired athletic apparel and accessories.
  • In connection with Mr. Guido's appointment, David Oliver, who has served as Interim Chief Financial Officer since February 2020, has been reappointed to his prior role of Senior Vice President Finance Controller and Chief Accounting Officer.
  • Mr. Guido most recently served as Senior Vice President and Chief Financial Officer of Asbury Automotive Group, Inc.

FICO UK Credit Market Report July 2021: Pandemic Savings Mask Picture of Debt

Thursday, September 16, 2021 - 9:00am

LONDON, Sept. 16, 2021 /PRNewswire/ --

Key Points: 
  • Their associated balance as a percentage of total balance also increased by 3 percent.
  • The percentage of consumers using cash on their credit cards also continues to grow in July by 4.2 per cent.
  • These card performance figures are part of the data shared with subscribers of the FICO Benchmark Reporting Service.
  • The data sample comes from client reports generated by the FICO TRIAD Customer Manager solution in use by some 80 percent of UK card issuers.

Nearing its 2 Year Milestone, Rhino and UDR, Inc. Prove Strong Collaboration Is Modernizing the Rental Experience and Was Critical Throughout the Pandemic

Wednesday, September 15, 2021 - 4:34pm

For nearly 50 years, UDR has been a leading real estate company focused on providing distinctive, high-quality apartment homes paired with exemplary service and amenities.

Key Points: 
  • For nearly 50 years, UDR has been a leading real estate company focused on providing distinctive, high-quality apartment homes paired with exemplary service and amenities.
  • UDR began its relationship with Rhino in 2019, and since then, Rhino's services have been rolled out to nearly its full portfolio of approximately 55,000 units across 171 properties.
  • UDR offering Rhino, which allows renters to replace large, upfront cash security deposits with a low-cost insurance option, is one example of these exemplary services.
  • For over 49 years, UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates.

Wellteq Digital Health Inc. Corporate Update Shows Strong Growth

Wednesday, September 15, 2021 - 1:47pm

Wellteq Digital Health Inc. (CSE:WTEQ) (OTCQB:WTEQF) (the Company or Wellteq), a leading global provider of digital health and wellness solutions, is pleased to provide the following corporate update.

Key Points: 
  • Wellteq Digital Health Inc. (CSE:WTEQ) (OTCQB:WTEQF) (the Company or Wellteq), a leading global provider of digital health and wellness solutions, is pleased to provide the following corporate update.
  • Wellteq serves enterprise customers and in doing so generates four revenue streams within the corporate wellness sector, the largest being Software-as-a-Service (SaaS).
  • Wellteq is rapidly expanding its suite of digital behaviour change programs focused on the four pillars of behaviour-based health sleep, mindset, nutrition, and activity.
  • Wellteq Digital Health Inc. is a leading global provider of personalized digital health and wellness solutions across the continuum of care.